The macroeconomic impacts of the 2020 energy efficiency national indicative targets, as well as those of the more recent EU 2030 objective, are assessed in this work. In particular, the analysis is focused on three EU15 countries, namely Italy, Germany and Spain, in which the introduction of national fund for energy efficiency is simulated. The GTAP Computable General Equilibrium model is used, in its dynamic energy version GDyn-E. This model allows to compute the impacts on key macroeconomic variables, such as GDP, total and sectoral value added, international trade, and employment. The variables considered by GDyn-E are analogous to those included in the Impact Assessment documents elaborated by the European Commission. GDyn-E model could be used in the future to provide further estimates of EU energy policy impacts in Italy and other member countries. These estimates could be put together with the existing ones in order to enlarge the range of medium-term impacts available in policy evaluation.
In questo lavoro sono valutati gli impatti macroeconomici degli obiettivi indicativi nazionali di efficienza energetica al 2020 e dell’obiettivo Europeo al 2030. In particolare, l’analisi è focalizzata su tre paesi dell’EU15, rappresentati da Italia, Germania e Spagna, dove è simulata anche l’introduzione di un fondo nazionale per l’efficienza energetica. Il modello di equilibrio economico generale GTAP è utilizzato nella sua versione dinamica energetica, denominata GDyn-E. Questo modello consente di calcolare gli impatti su variabili macroeconomiche chiave, come PIL, valore aggiunto settoriale e totale, commercio internazionale, occupazione. Le variabili considerate da GDyn-E sono analoghe a quelle incluse nelle Valutazioni di Impatto della Commissione Europea. Il modello GDyn-E può essere usato in futuro per fornire ulteriori stime degli impatti delle politiche energetiche Europee in Italia e altri paesi membri. Le stime elaborate potranno essere affiancate a quelle esistenti così da ampliare il range degli impatti di medio lungo termine sottoposti a valutazione.
A macroeconomic evaluation of energy efficiency objectives using GDyn-E ita model
Martini, Chiara
2016-01-01
Abstract
The macroeconomic impacts of the 2020 energy efficiency national indicative targets, as well as those of the more recent EU 2030 objective, are assessed in this work. In particular, the analysis is focused on three EU15 countries, namely Italy, Germany and Spain, in which the introduction of national fund for energy efficiency is simulated. The GTAP Computable General Equilibrium model is used, in its dynamic energy version GDyn-E. This model allows to compute the impacts on key macroeconomic variables, such as GDP, total and sectoral value added, international trade, and employment. The variables considered by GDyn-E are analogous to those included in the Impact Assessment documents elaborated by the European Commission. GDyn-E model could be used in the future to provide further estimates of EU energy policy impacts in Italy and other member countries. These estimates could be put together with the existing ones in order to enlarge the range of medium-term impacts available in policy evaluation.File | Dimensione | Formato | |
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